IT company makes establishment in Free Economic Zone in Armenia

 

 

Thanks to the Armenian Development Agency’s continuous efforts and negotiations, Canadian IT company makes its establishment in Armenia in the Free Economic Zone  in the territory of of Yerevan Computer Research and Development Institute     

The press conference was held in Armenian Development Agency, where the vice president and co-founder of “R&D Arts Canadian company, Mr. Sergey Zotin was present.

The company is planning to realize a 2.2mln USD investment in the next 5 years and open 25 workplaces.

This year in February, Armenian government has approved the project to establish free economic zones in the territory of “RAO-Mars”, CJSC and Yerevan Computer Research and Development Institute   and to acknowledge “Sitronics Armenia” CJSC as an organizer,  

The free economic zones in the territory “RAO-Mars”, CJSC and Yerevan Computer Research and Development  Institute will have a direction of high and innovative technology production and export-electronics, precise engineering, pharmaceuticals and biotechnology, information technology, renewable energy, industrial design and telecommunication sectors

 

 

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